Thirty jobs have been lost at a construction firm in Powys. JU Bowen, based in Newtown, went into administration before Christmas.
According to administrators, PKF, the company was forced to close after failing to find enough new work for the winter.
The business was forced to close because it had recently completed a major housing contract and couldn't find enough new work elsewhere to keep going. The work the company performed for the Environment Agency Wales also stopped over the winter period, as in previous years.
– Statement from PKF Administrators
The directors recognised that the company could not fund trade through the winter and had to make the difficult decision to close down and make all staff redundant.
As administrators, we are now making every effort to recover the company's debts and equipment, and to assess development opportunities on the land that it owns.